Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.025%

Price spread now: edgeX against Lighter RH+0.168%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.168%, 7d avg +0.027%

Together, before fees−0.047%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.141% dearer against Lighter RH than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.254	0.0032	pay 0.0004% / 1h	50m 52s	$4.8M	$9.4M	25x
Short	edgeX XAGUSDC	66.366	0.0201	get 0.0100% / 4h	1h 50m	$673K	$314K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee edgeXbpOrdersPrice spread, now +0.168%Rate

Funding earned: $35.4
Price spread: +0.168% → +0.027%: $14.11
Slippage, 4 orders: −$8.1
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $32.41
Costs to cover: 0.171%
Break-even: 0.6 days

Slippage from Lighter RH: live order book, 3 min ago; edgeX: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter RH live order book, 3 min ago	1.54 bp	1.5 bp −$2	2.2 bp −$22	22.7 bp −$2,270	doesn't fit
Sell edgeX live order book, 13 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$917	21.2 bp −$10.6K

XAG on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.236	−0.029%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	+0.023%	$151.7M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	−0.052%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	+0.038%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.290	+0.054%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.180	−0.112%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0022%	1h	66.160	−0.143%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.254	long leg	$4.8M	$9.4M	25x
Extended XAG-USD	+0.0032%	1h	66.206	−0.073%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.220%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	66.273	+0.028%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.390	+0.205%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.691	+0.659%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.196	−0.088%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.188	−0.100%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.230	−0.037%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.249	−0.008%	$547K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.073%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.228	−0.040%	$165.8M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.219	−0.054%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.230	−0.037%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.114%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.270	+0.023%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.240	−0.022%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0144%	4h	66.290	+0.054%	$26.7M	$36.2M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.244	−0.016%	$48K	—	10x	as long as short
Lighter XAG	+0.0176%	1h	66.262	+0.011%	$5.3M	$10.4M	25x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	−0.019%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.250	−0.007%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.270	+0.023%	$111.6M	$151.7M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.144%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.270	+0.023%	$191.9M	$706.0M	100x	as long as short
edgeX XAGUSDCshort	+0.0201%	4h	66.366	+0.168%	$673K	$314K	30x
OKX XAG-USDT-SWAP	+0.0217%	8h	66.270	+0.023%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.281	+0.040%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	+0.099%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0242%	1h	66.198	−0.085%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.270	+0.023%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0267%	1h	66.250	−0.007%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.380	+0.189%	$393K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0341%	1h	66.255	+0.001%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.240	−0.022%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.198	−0.086%	$763K	$475K	25x	as long as short